Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago, 04/06/2017

User Stats

149
Posts
135
Votes
Kelly Rastatter
Pro Member
  • Investor
  • Chattanooga, TN
135
Votes |
149
Posts

Buying a house where flip is financed by selling agent- Conflict?

Kelly Rastatter
Pro Member
  • Investor
  • Chattanooga, TN
Posted

We are looking to put an offer on a property that has been grossly overpriced and now on the market over 200 days. We are making an offer that is obviously WAY below even the current marked down price. We just found out that the listing agent is also the financor for the investment company that did the rehab and currently "owns" the property.

The concern is that he may have a stake in the profit (or loss, really) and will influence the seller. Is this a conflict of interest and should he disclose this since he financed? Would he have to disclose it as owner/agent if he has a stake in the profit/loss?

Is there any recourse, as buyers, if it is a conflict?

  • Kelly Rastatter
  • Loading replies...